Noront and stock based compensation

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bravekind

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Noront and stock based compensation

posted on Oct 27, 2008 04:02PM

The current board's 'management discussion and analysis' states:

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Under the provisions of the Company's 2007 Incentive Stock Option Plan, an aggregate maximum of 10% of the issued and outstanding common shares may be issued for granting to directors, senior officers, ... In June and August 2008, the Company issued an aggregate of 2,130,000 stock options ...

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10% would be approximately 13 million, they issued 2% or 2,130,000.

It will be noteworthy to see what the new board does. I also urge someone to ask this question. I would phrase it so they can't dodge it by saying 'we will take this matter up in private', as in, 'has there been ANY discussion of incentive stock options for the coming year and if so, what range of options were discussed?"

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